Member Info for gregpeck7

Well at least he has admitted I was correct

Even a thankyou....

I didn’t think TXP had any debt, thank you for educating me and spurring me on to do my own research. I agree they have $15m of debt with nearly $7m cash when last reported.

At least it’s not $230m with no chance of repayment when due.

So you admit again NGMS "you didnt think"

So you have memory issues, you don't think, but you do think you can have a pop at others maths capabilities, when clearly you are pretty incompetent.

You do realise its against the law to mislead people on these boards, so is your excuse as I suggest , that you are just incompetent...

How many more "mistakes" will you make today?

One mistake I have not made is seeing TXP as a naked short opp... Going down very nicely now.

You can buy at the mid now.. This ramptastic episode is coming to an end soon...

I didnt mention debt vs cash, it was quoted in that paragraph.

I merely said TXP had some debt. NGMS told me "it had none"

But he is a known liar....

He made this statement (on the HUR board)

Maybe you guys should keep the little ramper over here...

NGMS on TXP

"Except they have no debt..."

I simply corrected him and thanked him for showing me this share as its a good short opp....

RSI overbought, its all priced in.. There is one way TXP is heading short term.

NGMS you are a liar, who masquerades as some sort of knowledgeable helpful friend, but really you are a devious and dangerous swine, your activity should be treated with the utmost suspicion. You are a total fraud.

NGMS on TXP

"Except they have no debt..."

The facts are (August this year)
Touchstone highlighted that it had enhanced its financial flexibility and reduced its overall cost of borrowing, by refinancing long-term debt. It exited the quarter with some US$6.89mln of cash, and had US$8.46mln of net debt.

Why did you say TXP had no debt then, an absolute lie.....

NGMS do you deliberately come on these boards to mislead?

Wrong again NGMS, they do have debt

https://www.proactiveinvestors.co.uk/companies/news/212816/touchstone-exploration-is-accelerating-exciting-exploration-at-ortoire-project-212816.html

Production and financial performance
Touchstone released second-quarter results in August confirming average daily

It reported meaningful cost reductions, with operating costs down 28%.Financially, the company reported a US$2.74mln net loss, narrowed from the US$9.24mln it lost in the preceding quarter.

Touchstone highlighted that it had enhanced its financial flexibility and reduced its overall cost of borrowing, by refinancing long-term debt. It exited the quarter with some US$6.89mln of cash, and had US$8.46mln of net debt.

Low cash, high development costs. RSI in overbought territory, lots of ramping.. Just wait till the drill results, and you will see it drop like a stone.... If its good after a small rise. And net debt looks potentially nasty.

Good selling volume over at TXP... Yep looks very very toppy.

This has been well ramped by NGMS but equity dilution coming to develop this resource. Nice short... You can see the money flowing out now.

You criticise someone's maths yet you are allowed to have "memory problems"

As two faced as they come..

TXP going down nicely, thanks for that - good short play. 6m cash, ramped by idiots like you to 140m.... Will be pain for equity there.

2 more 27 million share trades gone through... Cannot buy 1 million shares...

Oil rallying back nicely now.

Yep, NGMS is a total idiot... Suggest you all post on TXP where he does hold..... Plenty of holes there...

Thanks for the update gasman. With all they have invested and their expertise and understanding I fully expect them to get involved, possibly with Lancaster as well.

And this... all sounding very good..

The Fund finds the conclusions of the technical committee persuasive but not conclusive. Fractured reservoirs commonly exhibit rapid initial pressure decline and we note at Lancaster that the rate of pressure decline has in fact slowed. Moreover, the zone now believed to contain residual oil below the oil water contact is very thick, whereas we would have expected an abrupt change in oil saturation at the free water level. Therefore, the Fund believes that significant volumes of oil may be present below the revised oil water contact at 1,330 metres.

Following the publication of the report the shares are trading at little more than option money and the Fund has increased its holding. Despite these uncertainties, the company has stressed there are currently no going concern issues and it has ruled out an equity raise at this time.

n the second half of 2020, production is expected to continue from a single well at a range of 12,800 to 14,200 barrels per day. A number of remediation options are available to increase the EPS' production. However, in the current oil price environment and with a reduced production outlook, cash generation is expected to be insufficient to both fund additional well stock and to repay the bond. Nevertheless, as the convertible bond now trades at less than half its repayment value, there is currently an opportunity for Hurricane to utilise some of its $106 million cash to buy in some bonds in order to materially reduce its indebtedness.

On the subject of holdings, considering almost half the companies shares changed hands last week, there will almost certainly be more tr1’s both ways.